Breaking News
Apr 10, 2025
-
CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.
Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.
CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.
The average price for a car edged up, snapping an eight-quarter streak of declines.
For the quarter to Feb. 28, CarMax said the average selling price for used cars was $26,133, up 0.6% from the same period a year ago.
Wholesale vehicles’ price was up 0.1% to $8,044 in the quarter from $8,034 a year ago.
For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.
The annual price of used vehicles declined 2.8% to $26,273 from $27,028 in 2024, while the annual price of wholesale vehicles edged down 7.9% to $8,019 from $8,707 a year ago.
The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.
Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy. -
Tesco Plc dropped 0.2% to 334.40 pence after the UK-based food retailer reported preliminary results for 2024 ending in February.
Revenue edged up to £69.92 billion from £68.19 billion, profit jumped to £1.63 billion from £1.19 billion, and diluted earnings per share rose to 23.51 pence from 16.56 pence a year ago.
Same-store sales declined by 1.8%, reflecting a continuing decline in the tobacco market and weakness in parts of the fast-food market serviced by Best Food Logistics, while the core retail and catering businesses grew despite a challenging market backdrop.
The company paid a dividend of 13.70 pence per share, compared to 12.10 pence per share in the previous year.
Tesco proposed a final dividend of 9.45 pence per share, payable on June 27 to shareholders on record as of May 16. -
Barry Callebaut AG dropped 1.9% to CHF 1.055 after the Swiss cocoa processor and chocolate maker announced results for the six-month period ending in February.
Revenue edged up to CHF 1.14 billion from CHF 1.131 billion, net profit slumped to CHF 77.93 million from CHF 235.49 million, and diluted earnings per share fell to CHF 14.20 from CHF 42.87 a year ago.
Sales volume amounted to 1,138,524 tons in the first six months of fiscal 2023-2024, an increase of 0.7%, as growth was 1% in the second quarter amid a challenging operating environment and higher cocoa prices.
“Demand for cocoa powder remained robust, largely driven by Asia with particular strength in India, Indonesia, and China,” the company said in a release to investors.
Cocoa butter demand was impacted in Asia, Latin America, and North America, while other regions saw positive growth.
“For cocoa liquor, positive growth for Eastern Europe, Middle East Africa, and Latin America was offset by lower demand in Asia, Western Europe, and North America,” the company added in the statement.
Volume growth was positive in most global chocolate regions, led by growth in Latin America, particularly in Brazil. -
Fila Group slumped 3.5% to 34.450 Korean won after the sporting goods retailer reported lower sales in 2024.
Revenue declined to €621.9 million from €787.9 million, adjusted group net profit edged down to €30.9 million from €40.9 million, and basic earnings per share fell to 61 cents from 81 cents a year ago.
The company proposed a dividend worth €40.8 million, higher than guidance, with a pay-out ratio of 20% to 40%.
Fila estimated 2025 revenue to grow by “low-to-mid single digits,” as well as a mid-single-digit increase in adjusted EBITDA, assuming constant currency and tariffs.
In addition, the company expects free cash flow to equity to be between €40 million and €50 million. -
Walgreens Boots Alliance Inc. eased 0.8% to $10.50 after the struggling pharmacy retailer reported results for the fiscal second quarter of 2025 ending in February.
Sales increased to $38.59 billion from $37.05 billion, net loss shrank to $2.85 billion from a loss of $5.91 billion, and diluted loss per share narrowed to $3.30 from a loss of $6.85 a year ago.
Sales in the first six months of fiscal 2025 climbed to $78.05 billion from $73.76 billion, net loss shrank to $3.12 billion from a loss of $5.97 billion, and diluted loss per share narrowed to $3.61 from a loss of $6.93 a year earlier. -
MSC Industrial Direct Co. Inc. traded flat at $70.17 after the industrial equipment provider reported results for the fiscal second quarter of 2025 ending in March.
Net sales dropped to $891.7 million from $935.3 million, net income slumped to $39.3 million from $61.8 million, and diluted earnings per share edged down to 70 cents from $1.10 a year ago.
The company estimated fiscal 2025 capital expenditures to be between $100 million and $110 million. -
Aehr Test Systems Inc. gained 2.9% to $6.98 after the provider of test solutions for semiconductor devices reported increased revenue in the fiscal third quarter 2025 ending in February.
Revenue edged up to $18.31 million from $7.56 million, net loss shrank to $0.64 million from a loss of $1.47 million, and diluted loss per share fell to 2 cents from a loss of 5 cents a year ago.
For the nine months ending in February, revenue declined to $44.88 million from $49.62 million, net loss was $1.01 million compared to a profit of $9.29 million, and diluted loss per share came in at 3 cents compared to a profit of 31 cents a year earlier. -
Tilray Brands Inc. eased 0.07% to $0.46 after the lifestyle and consumer packaged goods company reported fiscal third quarter 2025 results ending in February.
Revenue declined to $185.8 million from $188.3 million, net loss widened to $789.4 million from $92.7 million, and diluted loss per share increased to 87 cents from 12 cents a year ago.
The company guided for fiscal 2025 revenue to be between $850 million and $900 million, compared to $788.9 million in 2024. -
WD-40 Co. traded flat at $218.48 after the maintenance products maker reported results for the second quarter of 2025.
Net sales increased 5% to $146.1 million from $139.1 million, net income surged 92% to $29.9 million from $15.5 million, and diluted earnings per share rose 92% to $2.19 from $1.14 a year ago.
The company guided fiscal 2025 net sales to be between $600 million and $630 million, an increase of 6% to 11%, compared to $590.6 million in 2024.
Diluted earnings per share are estimated to be between $5.25 and $5.55, higher than the company’s previous guidance of $5.20 to $5.45, and compared to $5.11 in 2024. -
Cal-Maine Foods Inc. dropped 4.5% to $86.30 after the egg producer reported fiscal third quarter 2025 results ending in March.
Net sales edged up to $1.42 billion from $703.1 million, net income jumped to $508.5 million from $146.7 million, and diluted earnings per share rose to $10.38 from $3.00 a year ago.
The company sold a record 331.4 million dozen shell eggs, representing a 10.2% increase, including the contribution from acquisitions, compared with 300.8 million dozens for the third quarter of fiscal 2024.
Sales of conventional eggs totaled 213.2 million dozens, compared with 192.2 million dozens for the prior-year period, an increase of 11.0%.
Specialty egg volumes also increased by 8.8% to 118.1 million dozens sold for the third quarter of fiscal 2025 compared with 108.6 million dozens sold for the prior-year period.
Demand was strong during the third fiscal quarter, which is typically a period of higher seasonal demand.
The company said it will proceed with the acquisition of Echo Lake Foods Inc. for approximately $258 million.
Cal-Maine proposed a cash dividend of $3.46 per share for a total of approximately $170 million.
In addition, the company approved a $500 million share repurchase program.
Apr 9, 2025